Libra backers consider quitting due to regulatory pressures

Libra backers consider quitting due to regulatory pressures

Reports indicate that at least three of Facebook’s early backers for its Libra stablecoin launch are considering withdrawing their support in light of the regulatory pushback. Further details are awaited. The project counts 28 founding members, including Visa, Mastercard, PayPal and Uber and Spotify, each of which was required to invest $10 million to join.

KCooper
KCooper
Mitchell
Mitchell 5 months

They push as far as they can until they get called out. Then they back up and wait for you to calm down and stop looking, and start pushing again.

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